ACE Shareholders Okay 24% Quarterly Dividend Increase - Quick Facts

(RTTNews) - ACE Limited (ACE) announced Friday that its shareholders approved a resolution at an extraordinary general meeting to increase the company's quarterly dollar-denominated dividend by 24%, from $0.51 per share to $0.63 per share.

The company noted that the approved dividend increase will be distributed out of capital contribution reserves and will be in addition to the par value reduction approved by shareholders on May 16, 2013, for a total of $0.63 per share for each of the next two quarterly dividend installments. The first of these installments will be payable on January 31, 2014, to shareholders of record at the close of trading on the New York Stock Exchange on January 13, 2014.